NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) 10-Year Financial Performance & Capital Metrics

NEWTI • • Banking & Credit

Financial ServicesCredit ServicesBusiness Development & Commercial LendingMiddle Market Lenders

AboutNewtekOne, Inc. is a financial holding company, which engages in the provision of business and financial solutions. Its brands include Newtek Bank, Newtek Lending, Newtek Payments, Newtek Insurance, Newtek Payroll, and Newtek Technology. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.Show more

Net Interest Income $0 +100.0%
Total Revenue $339M +24.9%
Net Income $51M +7.4%
Return on Equity 18.65% +23.0%
Net Interest Margin 0% +100.0%
Efficiency Ratio 33.96% -9.0%
ROA 2.91% -25.2%
Equity / Assets 14.38% -17.4%
Book Value per Share 11.76 +15.0%
Tangible BV/Share 9.34 +26.9%
Debt/Equity 2.41 -7.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 34.0% efficiency ratio
✓Well capitalized: 14.4% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.4x
✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.04%

5Y41.7%

3Y26.26%

TTM-

Profit (Net Income) CAGR

10Y29.04%

5Y4.33%

3Y-15.45%

TTM25.88%

EPS CAGR

10Y13.76%

5Y-1.65%

3Y-19.01%

TTM26.54%

ROCE

10Y Avg7.03%

5Y Avg10.39%

3Y Avg10.32%

Latest9.85%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	0	0	0	0	-67.74M	0
NII Growth %	-	-	-	-	-	-	-	-	-	1%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	6.48M	8.44M	11.4M	16.07M	20.42M	17.88M	20.52M	26.32M	0	0
Interest Expense	0	0	0	0	20.42M	17.88M	20.52M	26.32M	67.74M	0
Loan Loss Provision	326K	296K	6.27M	8.85M	-20.42M	-17.88M	-20.52M	-26.32M	-23.44M	58.35M
Non-Interest Income+	53.45M	54.15M	66.93M	76.62M	38.87M	74.32M	147.76M	105.17M	271.14M	338.73M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	59.93M	62.59M	78.33M	92.69M	59.3M	92.2M	168.28M	131.5M	271.14M	338.73M
Revenue Growth %	-0.54%	0.04%	0.25%	0.18%	-0.36%	0.55%	0.83%	-0.22%	1.06%	0.25%
Non-Interest Expense	17.39M	4.78M	11.46M	2.23M	43.7M	41.88M	30.93M	32.69M	101.14M	115.02M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	42.22M	296K	402K	484K	15.6M	50.32M	137.35M	98.8M	125.7M	165.36M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.93%	-0.99%	0.36%	0.2%	31.23%	2.23%	1.73%	-0.28%	0.27%	0.32%
Pretax Income+	35.74M	36.65M	50.32M	53.24M	41.13M	33.62M	85.47M	38.77M	45.37M	68.69M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	36.35M	49.92M	52.75M	0	0	1.33M	6.46M	-1.96M	17.84M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	35.74M	27.3M	38.98M	35.68M	41.13M	33.62M	84.14M	32.31M	47.33M	50.85M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	7.99%	-0.24%	0.43%	-0.08%	0.15%	-0.18%	1.5%	-0.62%	0.46%	0.07%
Net Income (Continuing)	35.74M	27.3M	38.98M	35.68M	41.13M	33.62M	84.14M	32.31M	47.33M	50.85M
EPS (Diluted)+	3.32	1.76	2.13	1.91	2.13	1.59	3.69	1.34	1.88	1.96
EPS Growth %	5.15%	-0.47%	0.21%	-0.1%	0.12%	-0.25%	1.32%	-0.64%	0.4%	0.04%
EPS (Basic)	3.32	1.76	2.13	999999.00	2.13	1.59	3.69	1.34	1.89	1.97
Diluted Shares Outstanding	10.77M	15.5M	18.29M	18.71M	19.33M	21.15M	22.8M	24.2M	24.35M	25.19M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	4.31M	22.9M	20.54M	31.35M	1.76M	51.42M	2.4M	53.69M	153.09M	353.15M
Short Term Investments	35K	0	0	0	0	0	0	0	0	0
Total Investments+	266.87M	345.19M	456.68M	541.09M	659.04M	671.19M	758.78M	283.6M	73.76M	81.59M
Investments Growth %	0.14%	0.29%	0.32%	0.18%	0.22%	0.02%	0.13%	-0.63%	-0.74%	0.11%
Long-Term Investments	266.84M	345.19M	456.68M	541.09M	659.04M	671.19M	758.78M	283.6M	73.76M	81.59M
Accounts Receivables	1000K	0	1000K	1000K	1000K	1000K	1000K	0	200K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	25.89M	14.09M
Intangible Assets	13.04M	16.25M	19.36M	21.36M	24.41M	26.06M	28.01M	30.27M	43.96M	46.92M
PP&E (Net)	0	-401.45M	-519.61M	-653.34M	7.99M	6.93M	7.31M	6.48M	5.7M	5.69M
Other Assets	8.35M	10.06M	11.11M	11.69M	16.07M	-817.17M	24.31M	23.64M	63.65M	29.34M
Total Current Assets	64.2M	29.96M	32.46M	79.21M	89.89M	112.98M	238.15M	654.91M	1.22B	1.88B
Total Non-Current Assets	288.23M	371.49M	487.15M	574.13M	707.52M	728M	818.41M	343.99M	212.95M	177.63M
Total Assets+	352.43M	5.1M	519.61M	34.7M	797.41M	840.98M	1.06B	998.9M	1.43B	2.06B
Asset Growth %	0.17%	-0.99%	100.88%	-0.93%	21.98%	0.05%	0.26%	-0.05%	0.43%	0.44%
Return on Assets (ROA)	0.11%	0.15%	0.15%	0.13%	0.1%	0.04%	0.09%	0.03%	0.04%	0.03%
Accounts Payable	1.32M	0	1.43M	3.1M	2.47M	3.6M	3.08M	13.4M	15.45M	18.28M
Total Debt+	132.81M	10.93M	12.23M	35.05M	441.82M	460.48M	481.29M	547.3M	651.07M	714.54M
Net Debt	128.5M	-11.96M	-8.31M	3.7M	440.06M	409.05M	478.89M	493.61M	497.99M	361.39M
Long-Term Debt	103.7M	166.14M	216.25M	296.93M	401.93M	451.78M	472.05M	483.44M	606M	708.04M
Short-Term Debt	29.1M	5.1M	0	34.7M	30M	1.55M	183K	55.88M	38.12M	0
Other Liabilities	5.13M	15.36M	17.88M	23.87M	24.2M	31.32M	159.04M	54.89M	489.84M	998.66M
Total Current Liabilities	39.64M	5.98M	8.16M	9.24M	39.16M	11.38M	12.53M	77.24M	77.68M	52.81M
Total Non-Current Liabilities	108.84M	181.5M	234.13M	320.8M	436.02M	490.25M	640.15M	546.3M	1.1B	1.71B
Total Liabilities	148.48M	293K	369K	379K	475.19M	501.63M	652.67M	623.54M	1.18B	1.76B
Total Equity+	203.95M	549.8M	715.33M	953.62M	322.23M	339.35M	403.89M	375.36M	249.05M	296.28M
Equity Growth %	0.23%	1.7%	0.3%	0.33%	-0.66%	0.05%	0.19%	-0.07%	-0.34%	0.19%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.19%	0.07%	0.06%	0.04%	0.06%	0.1%	0.23%	0.08%	0.15%	0.19%
Book Value per Share	18.94	35.47	39.12	50.96	16.67	16.05	17.72	15.51	10.23	11.76
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	290K	12.24M	15.8M	28.52M	411K	439K	483K	492K	492K	526K
Additional Paid-in Capital	189.03M	188.47M	247.36M	254.5M	289.96M	316.63M	367.66M	354.24M	200.91M	218.27M
Retained Earnings	14.63M	209.09M	278.33M	287.44M	31.85M	22.29M	35.74M	20.62M	28.05M	57.77M
Accumulated OCI	0	209.09M	278.33M	287.44M	0	0	0	0	-148K	-21K
Treasury Stock	0	0	-46.03M	-574.51M	0	0	0	0	0	0
Preferred Stock	0	8.09M	14.79M	4.04M	0	0	0	0	19.74M	19.74M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-25.3M	-14.1M	-16.26M	-38.35M	-20.96M	32.68M	173.26M	-52.06M	-169.22M	-4.66M
Operating CF Growth %	-0.76%	0.44%	-0.15%	-1.36%	0.45%	2.56%	4.3%	-1.3%	-2.25%	0.97%
Net Income	35.74M	27.3M	38.98M	35.68M	12.74M	33.62M	84.14M	32.31M	47.33M	50.85M
Depreciation & Amortization	326K	296K	402K	484K	501K	2.29M	304K	239K	2.88M	-1.34M
Deferred Taxes	857K	5.13M	2.18M	1.08M	3.16M	0	1.33M	6.46M	-4.8M	10.4M
Other Non-Cash Items	-1.72M	-97.33M	-36.67M	-3.71M	-17.57M	1.03M	-45.11M	-41.14M	-129.34M	-67.33M
Working Capital Changes	-29.58M	26.55M	-12.03M	-35.76M	-20.43M	-4.83M	130.5M	-52.44M	-88.12M	-1.3M
Cash from Investing+	302K	-375K	-57.12M	-35.94M	-68.12M	-14.93M	-32.34M	-10.37M	-172.24M	-357.41M
Purchase of Investments	0	0	-428.1M	-479.85M	-571.98M	-1.47B	-1.35B	-831.54M	-832.14M	-1.18B
Sale/Maturity of Investments	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	11.14M	0
Other Investing	407K	0	0	0	8.4M	38.44M	0	0	-59.04M	-211.72M
Cash from Financing+	24.14M	9.03M	69.34M	85.11M	90.94M	465K	-5.49M	1.18M	344.97M	560.9M
Dividends Paid	-24.31M	-27.3M	-28.2M	-32.43M	-40.77M	-42.58M	-70.14M	-64.54M	-14.15M	-20.25M
Share Repurchases	0	-866K	-667K	-109K	-93K	-91K	-1.57M	-826K	0	-402K
Stock Issued	35.29M	0	56.66M	5.2M	0	25.57M	0	0	19.49M	14.03M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	36.37M	-14K	-2.35M	-4.06M	29.84M	24.71M	44.71M	-3.38M	320.11M	-299K
Net Change in Cash+	1.26M	18.59M	-2.36M	10.81M	1.86M	18.22M	135.44M	-61.25M	58.4M	197.37M
Exchange Rate Effect	-1000K	1000K	0	0	0	0	0	0	1000K	-1000K
Cash at Beginning	25.91M	4.31M	22.9M	20.54M	31.35M	33.21M	51.42M	186.86M	125.61M	184.01M
Cash at End	27.18M	22.9M	20.54M	31.35M	33.21M	51.42M	186.86M	125.61M	184.01M	381.37M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-25.4M	-14.47M	-16.71M	-38.98M	-21.09M	32.67M	173.26M	-52.08M	-169.68M	-5.1M
FCF Growth %	-0.61%	0.43%	-0.15%	-1.33%	0.46%	2.55%	4.3%	-1.3%	-2.26%	0.97%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.3%	7.25%	6.16%	4.28%	6.45%	10.16%	22.64%	8.29%	15.16%	18.65%
Return on Assets (ROA)	10.92%	15.27%	14.86%	12.87%	9.89%	4.1%	8.87%	3.14%	3.9%	2.91%
Net Interest Margin	0%	0%	0%	0%	0%	0%	0%	0%	-4.74%	0%
Efficiency Ratio	29.01%	7.64%	14.63%	2.4%	73.7%	45.43%	18.38%	24.86%	37.3%	33.96%
Equity / Assets	57.87%	10780.31%	137.67%	2748.19%	40.41%	40.35%	38.23%	37.58%	17.42%	14.38%
Book Value / Share	18.94	35.47	39.12	50.96	16.67	16.05	17.72	15.51	10.23	11.76
NII Growth	-	-	-	-	-	-	-	-	-	100%
Dividend Payout	42.29%	99.98%	72.35%	90.9%	99.11%	126.66%	83.36%	199.76%	29.89%	0.87%

Frequently Asked Questions

Valuation & Price

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) has a price-to-earnings (P/E) ratio of 12.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) grew revenue by 24.9% over the past year. This is strong growth.

Yes, NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) is profitable, generating $53.3M in net income for fiscal year 2024 (15.0% net margin).

Dividend & Returns

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) has a return on equity (ROE) of 18.7%. This is reasonable for most industries.

Industry Metrics

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NEWTI) has an efficiency ratio of 34.0%. This is excellent, indicating strong cost control.

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